Gazprom may delay key field due to low gas demand

MOSCOW (Reuters) – Gazprom (GAZP.MM), the world’s biggest gas producer, may delay the launch of a major field because it expects gas demand in Russia and Europe to be depressed through 2012, an executive said on Tuesday. Deputy Chief Executive Alexander Ananenkov told a news conference Gazprom may postpone the giant Bovanenkovo field by one […]

EnCana cuts natural gas output

Continent’s largest producer reduces output and trims costs as low prices make production uneconomic The continent’s largest natural gas producer is turning off the taps on a hefty chunk of its daily natural gas production, saying low prices make it too expensive for EnCana Corp. ECA-T to bring some of its gas to the surface. […]

UK: Coastal castles could be moved inland

Castles on the coast could be moved brick by brick and rebuilt inland as part of plans to save Britain’s coastal heritage from climate change. As sea levels threaten a number of historic properties, the government is considering ways to protect them. Historic monuments that are threatened with destruction could be moved in exceptional circumstances […]

Government Study Warns of Climate Change Effects

WASHINGTON The study was prepared by the United States Global Change Research Program, a joint scientific venture of 13 federal agencies and the White House. Under a 1990 law, the group is required to report every 10 years on natural and human-caused effects on the environment. The current study, which began in the George W. […]

Tesla Motors CEO: Gas Should Be $10/Gallon

(CNET) “I’m anti-tax, but I’m pro-carbon tax,” Tesla Motors founder Elon Musk said onstage at the Wired Business Conference here Monday–a remark that prompted interviewer and Wired editor-in-chief Chris Anderson to quip that he was a “true Silicon Valley libertarian.” Gasoline “should probably be $10″ per gallon, said onetime PayPal co-founder Musk, who is also […]

A Preassembled Nuclear Reactor

A new type of nuclear reactor that is designed to be manufactured in a factory rather than built at a power plant could cut construction times for nuclear power plants almost in half and make them cheaper to build. That, in turn, could make it possible for more utilities to build nuclear power plants, especially […]

Solar Plane Aims for 36-Hour Flight

A prototype of the Solar Impulse, an aircraft powered entirely by the sun, is expected to be unveiled on June 26 at an airfield near Zurich in Switzerland. One of the plane’s most noteworthy features is a giant wingspan measuring 63 meters (about 207 feet), or roughly that of a large commercial passenger aircraft. That […]

Biofuels may lead to a 'drink or drive' issue

“The ongoing, rapid growth in biofuels production could have far-reaching environmental and economic repercussions, and it will likely highlight the interdependence and growing tension between energy and water security,” said a report titled “The Water Footprint of Biofuels: A Drink or Drive Issue?” The report, written by Pedro Alvarez, the George R. Brown Professor of […]

The 2012 oil crunch vs. Cash for Clunkers

Via the UAE comes a warning from Saudi Arabia: crude oil prices are likely to spike above last year’s record high. “If others do not begin to invest similarly in new capacity expansion projects, we could see within two to three years another price spike similar to, or worse than, what we witnessed in 2008.” […]

Iran and the Myth of Geopolitical Risk in Oil

Iran is one of the linchpins of any geopolitical risk scenario by any definition. Iran is the second largest supplier of oil from OPEC nations. It also borders Persian Gulf, the Strait of Hormuz, and the Gulf of Oman. We have an estimate of 40% as the total percentage of daily oil shipments are tied […]

Oil should not rise too fast: OPEC Sec-Gen

Oil prices should not rise too quickly and hurt the world economy, but a price of $80 a barrel would stimulate investment without putting a brake on growth, OPEC’s secretary general said on Monday. The price of oil hit a 2009 high near $73 a barrel last week, up from below $33 in mid-December, and […]

China demand for oil, other resources soars as Beijing stockpiles reserves

ZHOUSHAN, China (AP) — One reason behind the rebound in world oil prices lies here on China’s eastern seaboard, where tidy rows of immense, squat oil tanks tucked away on an island south of Shanghai, have been filled to guard China’s energy security. Patrolled by military personnel, these tanks in Zhoushan are one of four […]

Gulf

(Bloomberg) — U.K. utilities risk falling behind with plans to build nuclear power plants because Middle East nations may use higher salaries to lure skilled workers, reactor builder Westinghouse Electric Co. said. Oil-producing nations including the United Arab Emirates and Kuwait plan nuclear plants to meet growing energy demand at home while exporting fuel abroad. […]

On the Streets of China, Electric Bikes Are Swarming

Of all the things that have changed in China over the past 30 years, transportation has undergone one of the most obvious of transformations. Where city streets once swarmed with bicycles, they are now full of automobiles. Cars clog intersection and expressways. Their exhaust clouds the sky and the air is full of the sound […]

Costing the Earth

Helen Harvey talks to some people who say we can’t keep leaving the environment out of our economic calculations. The world’s economy is geared for continual growth. The world’s resources are finite. You do the maths. Some natural resources are already running out and others are damaged – think deforestation, fisheries depletion, air and water […]

High-Altitude Wind Machines Could Power New York City

The wind blowing through the streets of Manhattan couldn The very best ground-based wind sites have a wind power density of less than one kilowatt per meter squared of area swept. Up near the jet stream above New York, the wind power density can reach 16 kilowatts per meter squared. The air up there is […]

Crude Responsible for High Gasoline Prices, API Says

(Bloomberg) — The rising cost of crude oil is vaulting gasoline prices higher as world supply and demand for oil have reached an equilibrium, said the American Petroleum Institute, which represents the oil and natural-gas industry. Worldwide supply and demand are

Renewables Could Supply 10% of U.S. Power by 2020, Report Finds

(Bloomberg) — Renewable-energy sources such as wind and solar could provide 10 percent of electricity in the U.S. by 2020 if funding is expanded to help cut costs of those technologies, the National Research Council said. Renewable energy, excluding hydropower, could account for 20 percent of power by 2035, the group said in a report […]

Rubin: "The Global Crisis Is Really About a 140-dollar Barrel of Oi"

VANCOUVER (IPS) – Sitting in the restaurant of Vancouver’s posh Fairmount Waterfront Hotel, the former chief economist for one of Canada’s largest banks doesn’t seem like the typical apocalyptic peak oil theorist. But in his new book, “Why Your World is About to Get a Whole Lot Smaller”, Jeff Rubin argues that globalisation, fuelled by […]

The next 'moon landing?' Norway plans deep-sea CO2 storage.

The oil-rich nation believes a half-mile thick rock formation could store the next 600 years, or so, of CO2 emissions from Europe. Some say the science is not so clear. Oslo – Can the North Sea basin hold all of the carbon dioxide in Europe? Norway certainly hopes so. At a high-level conference in Bergen […]

What if the techno-optimists and cornucopians are half right?

Some days I wake up and wish for the world’s techno-optimists and cornucopians (TOCs) to be right. The future would be so much easier for all of us. But perhaps more immediately, the present would become a less worrisome time zone. Those who anguish about peak oil, climate change, water depletion, and the panoply of […]

Snatching the car battery biz from Asia

Ener1 aims to fuel the car of the future and bring jobs to the Midwest. But the jury is still out on whether or not it can compete against its larger, more established rivals. INDIANAPOLIS (CNNMoney.com) — Thousands of jobs are riding on Ener1’s efforts to build the best car battery in the world. The […]

Survey: Gas prices up 17 cents in two weeks

(CNN) — The average price per gallon of self-serve regular gasoline is $2.66, up 16.68 cents from two weeks ago, the Lundberg Survey found. The price, an average of thousands of gas stations nationwide, is $1.34 lower than a year ago. Last year in June, retail gas prices were nearing $4, and stayed at that […]

Denver grads create 'bike library' for people in need of a free ride

They’re known around the University of Denver campus as “the sustainability duo.” Mary Jean O’Malley and Zoee Turrill, 22-year-old recent graduates of the university, are the masterminds behind a bike-sharing program on DU’s campus that will debut this fall. The “bike library” is a pilot for a citywide bike-sharing program that will launch next spring. […]

Saudi Arabia warns of crude price spike above 2008 record high

Saudi Arabia has warned that oil prices could again surge above the record high level in 2008 within three years unless other producers join the Kingdom and pump sufficient investment into capacity expansions. The government-owned Saudi Aramco, the world’s largest oil exporter, said the collapse of crude prices in the second half of 2008 was […]

Reversing globalization

Soaring oil costs will localize economies, expand transit jobs – and green earth If Jeff Rubin had a sprawling house in the suburbs, he’d sell it and move downtown. The author of Why Your World is About to Get a Whole Lot Smaller thinks the day is not far off when soaring oil prices will […]

Thinning ice already allowing more commercial shipping in Northwest Passage

The thinning Arctic ice pack is already producing the much-anticipated surge in commercial shipping through the Northwest Passage. And as the pace of ice loss accelerates, experts say the federal government is not keeping up to ensure Canadians control it. Three companies are now planning to send commercial vessels deep into the Passage’s once ice-choked […]

Global warming causing mass migration

BERLIN (UPI) — Global warming will submerge island states, destroy farmland and force millions of people into migration by 2050, according to a report unveiled at climate negotiations in Bonn, Germany. Worsening tropical storms, desert droughts and rising sea levels will displace 200 million people by 2050, according to estimates from the International Organization for […]

China's car sales boom, reshaping a way of life

QUFU, China “We never used to have traffic jams,” sighs Song Wenjun, 63, who founded the local brewery. Song says just a year ago, his chauffeur-driven Buick moved easily through the city of 60,000, hindered only by its four stoplights. Now, he says, there are more than 20 lights and the roads are packed. China’s […]

Honda

(Bloomberg) — Honda Motor Co. Gasoline prices in the U.S. have fallen 35 percent over the past year, eroding demand for fuel-efficient cars, even as the overall market has plunged 37 percent due to the recession. Toyota has cut the base price of the Prius by $1,000 to compete with the Insight

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